why have they done this?

[okgo]

Dear Mr xxxxxxx

Your credit limit has been reduced to £1800 and you'll no longer be able to take cash out with your Barclaycard Platinum Visa Card.

This card is on a 0% deal and is loaded up to the £1800 mark, I'm paying it off over the free period.

Have they done this as they know that's me plan or what? Seems strange as the limit was only £2k to start with, and I woudl have thought they'd be keen to have me use it for cash withdrawals asthey charge a fortune...

[Soovy]

okgo said:

Dear Mr xxxxxxx

Your credit limit has been reduced to £1800 and you'll no longer be able to take cash out with your Barclaycard Platinum Visa Card.

This card is on a 0% deal and is loaded up to the £1800 mark, I'm paying it off over the free period.

Have they done this as they know that's me plan or what? Seems strange as the limit was only £2k to start with, and I woudl have thought they'd be keen to have me use it for cash withdrawals asthey charge a fortune...

THOUSANDS of people getting these.

Companies are chopping limits down to what you have on the card. They're reducing their credit exposure.

[okgo]

Fair enough, I've paid off £200 since having it so I guess they chopped the maximum as I still owe them £1800.

[Eric Mc]

okgo said:

Dear Mr xxxxxxx

Your credit limit has been reduced to £1800 and you'll no longer be able to take cash out with your Barclaycard Platinum Visa Card.

This card is on a 0% deal and is loaded up to the £1800 mark, I'm paying it off over the free period.

Have they done this as they know that's me plan or what? Seems strange as the limit was only £2k to start with, and I woudl have thought they'd be keen to have me use it for cash withdrawals asthey charge a fortune...

Because they can.

[okgo]

ouch.

[anonymous-user]

As has been said above it's to reduce their credit exposure. Likely in this case they have noticed the stagnant balance and have decided to remove the surplus as it will be costing them-even if your not using it.

[Defcon5]

Lloyds keep increasing mine. I never even use it!